A 5.4 percent “surtax” on millionaires is being pondered by the House to fuel the Dems’ uncontrolled spending.
This will be in addition to increased taxes on individuals earning more than $280,000 and couples earning more than 350,000.
As Barone put it a few months back, all these tax hikes will only…
threaten to depress the animal spirits that we depend on for economic recovery…
by throttling an easy source of economic growth: investments by rich Americans inside the USA.
Anyone remember Jimmy Carter? Barack Obama might be playing with fire if he doesn’t pay heed to preventing these Carter-esque policies from being implemented.
